Fbm outperforms the rest but fkli cautious.
Fkli hit high on fbm moves towards 90 in PM session. But upside was lmited, maintaining discount to fbm on regional and Europe losses. While mostly 80-85 in pm session , up one range from 75-80 in AM, sellers re-appeared after 4.50pm after fbm finished the day off 90 mark.
No chance for follow through buying today and back to consolidative phase – negative bias,, 1270-90 but not short term bear yet if > 1270. Immediate resistance is lower to 1290 from 1300.
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